Synchronoss Technologies Rating Increased to Buy at Sidoti (SNCR)

By admin | 6 years ago

Synchronoss Technologies (NASDAQ: SNCR) was upgraded by Sidoti from a “neutral” rating to a “buy” rating in a research note issued on Tuesday.

A number of other analysts have also recently weighed in on SNCR. Analysts at Wedbush cut their price target on shares of Synchronoss Technologies from $42.00 to $40.00 in a research note to investors on Tuesday. Separately, analysts at Deutsche Bank (NYSE: DB) cut their price target on shares of Synchronoss Technologies from $47.00 to $45.00 in a research note to investors on Tuesday. Finally, analysts at JPMorgan Chase (NYSE: JPM) cut their price target on shares of Synchronoss Technologies from $39.00 to $27.00 in a research note to investors on Tuesday.

Shares of Synchronoss Technologies traded up 2.32% during mid-day trading on Tuesday, hitting $20.69. Synchronoss Technologies has a 52 week low of $19.70 and a 52 week high of $38.90. The company has a market cap of $806.3 million and a P/E ratio of 38.15.

Synchronoss Technologies last announced its earnings results on Monday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. On average, analysts predict that Synchronoss Technologies will post $0.28 earnings per share next quarter.

Synchronoss Technologies, Inc. (Synchronoss) is a provider of on-demand transaction management solutions.

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